Waystar Holding (WAY) Interest Coverage Ratio (2023 - 2026)
Waystar Holding's (WAY) Interest Coverage Ratio came in at 3.87 for Q2 2026, up 9.0% from 3.55 a year earlier but down 0.7% from the prior quarter.
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Analysis
Waystar Holding (WAY) Interest Coverage Ratio (2023 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Interest Coverage Ratio at Waystar Holding was 3.42, up 23.0% year-over-year; for FY2025, it came in at 3.22, up 280.1% from FY2024.
- Annual Interest Coverage Ratio has increased for three consecutive years.
- In prior years, Waystar Holding's Interest Coverage Ratio was 0.85 in FY2024 (+18.1%), 0.72 in FY2023 (+29.5%) and 0.55 in FY2022.
- Quarterly Interest Coverage Ratio has run from a low of 0.16 in Q2 2024 to a high of 3.90 in Q1 2026 over five years.
- On a year-over-year basis, Interest Coverage Ratio increased in six of the last seven quarters, with growth averaging 135.7%.
- The strongest year-over-year quarter for Interest Coverage Ratio in the past five years was Q1 2025, with growth of 474.4%; the weakest was Q2 2024, with a decline of 76.7%.
- According to Business Quant data, Interest Coverage Ratio for the three prior quarters was 3.90 (Q1 2026), 2.58 (Q4 2025) and 3.44 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | - |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | - |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | - |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 10.54 |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 6.32 |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | - |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | - |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | - |
| 10 | Waystar Holding | 4.94 Bn | 4.08 Bn | 221.99 Mn | 3.87 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.87 |
| Mar 31, 2026 | 3.90 |
| Dec 31, 2025 | 2.58 |
| Sep 30, 2025 | 3.44 |
| Jun 30, 2025 | 3.55 |
| Mar 31, 2025 | 3.45 |
| Dec 31, 2024 | 2.65 |
| Sep 30, 2024 | 1.47 |
| Jun 30, 2024 | 0.16 |
| Mar 31, 2024 | 0.60 |
| Dec 31, 2023 | 0.96 |
| Sep 30, 2023 | 0.60 |
| Jun 30, 2023 | 0.70 |
API Access
Waystar Holding Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=WAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "WAY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=WAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();